AI is used in mobiles, security systems, cameras, chatbots, etc. However, chatbots, GPT models, and AI assistants are the most common uses of AI nowadays. According to Statista, the global AI market will reach a whopping $190.61 billion in 2024, and around 4 billion mobile phones worldwide will have AI voice assistants like Google Assistant and Siri. As AI becomes more prominent, people have started raising concerns over ethical considerations while using AI applications or software.
AI models are trained on the data available on the internet or accumulated by the developer. So, anytime you use AI, it responds based on the data it has, which can be biased, so it’s the user’s ethical obligation to make sure that the data they retrieve from the AI is unbiased and fair. This is one of the biggest concerns regarding the use of AI.
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LIQUIDITY CONUNDRUM IN ASIAN BANKS
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